Schepens Eye Research Institute Inc (EIN 042129889) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

JOHN FERNANDEZ

Phone

6179120100

Tax Period

2017-10-01 to 2018-09-30

Schepens Eye Research Institute Inc, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $28.8M in total revenue in fiscal year 2017. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

DESCRIPTION OF ORGANIZATION MISSION THE SCHEPENS EYE RESEARCH INSTITUTE ("SCHEPENS") FIGHTS BLINDNESS BY DEVELOPING NEW TECHNOLOGIES, THERAPIES AND KNOWLEDGE TO RETAIN AND RESTORE VISION. THROUGH A CONTINUUM OF DISCOVERY, THE INSTITUTE WORKS TOWARD A FUTURE IN WHICH BLINDNESS IS PREVENTED, ALLEVIATED AND ULTIMATELY CURED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $21,393,495

Program Service Revenue $2,000,156

Investment Income $4,032,972

Other Revenue $1,346,097

TOTAL REVENUE $28,772,720

Expense Breakdown

Grants Paid $228,372

Salaries & Benefits $17,473,056

Fundraising Expenses $0

Program Expenses $20,427,652

Other Expenses $11,168,515

TOTAL EXPENSES $28,869,943

Year-over-Year Comparison

	2017	2016	Change
Revenue	$28,772,720	$23,864,080	+0.2%
Expenses	$28,869,943	$25,815,882	+0.1%
Net Income	$-97,223	$-1,951,802	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

178

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,527,381

Total Directors

$2,923,770

Key Employees

$778,230

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ABELSON	DIRECTOR (UNTIL 12/17)	4.0	Director	$0	$0	$0
WILLIAM AIKMAN	DIRECTOR	4.0	Director	$0	$0	$0
DEWALT PETE ANKENY	DIRECTOR	4.0	Director	$0	$0	$0
KENNETT BURNES	CHAIRMAN	4.0	Officer Director	$0	$0	$0
CHARLES DE GUNZBERG	DIRECTOR	4.0	Director	$0	$0	$0
JOHN FERNANDEZ	PRESIDENT	4.0	Officer Director	$0	$229,175	$1,372,817
KENNETH FISCHER	DIRECTOR	4.0	Director	$0	$0	$0
GERARD GOLDSTEIN	DIRECTOR (UNTIL 12/17)	4.0	Director	$0	$0	$0
WYCLIFFE K GROUSBECK	DIRECTOR	4.0	Director	$0	$0	$0
DONALD KORB	DIRECTOR (UNTIL 12/17)	4.0	Director	$0	$0	$0
KAY LYONS	DIRECTOR	4.0	Director	$0	$0	$0
RENEE MANGER	DIRECTOR (UNTIL 12/17)	4.0	Director	$0	$0	$0
VICTORIA MCCULLOUGH	DIRECTOR (UNTIL 12/17)	4.0	Director	$0	$0	$0
JOAN W MILLER MD	DIRECTOR	4.0	Director	$0	$148,157	$1,052,983
ANNETTE NOVA	DIRECTOR (UNTIL 12/17)	4.0	Director	$0	$0	$0
PATRICIA PATRICELLI	DIRECTOR	4.0	Director	$0	$0	$0
JOHN REILLY	DIRECTOR	4.0	Director	$0	$0	$0
JOSEPH RIZZO MD	DIRECTOR	4.0	Director	$0	$58,175	$497,970
SHERMAN STARR	DIRECTOR (UNTIL 12/17)	4.0	Director	$0	$0	$0
FRANS VAN DE VELDE	DIRECTOR	4.0	Director	$0	$0	$0
KATHRYN VECELLIO	DIRECTOR	4.0	Director	$0	$0	$0
MARTHA PYLE FARRELL	ASSISTANT SECRETARY	4.0	Officer	$0	$25,895	$425,883
LYLE HOWLAND	SECRETARY	4.0	Officer	$0	$0	$0
JONATHAN UHRIG	TREASURER	4.0	Officer	$0	$0	$0
MAUREEN KELLEY	ASSISTANT SECRETARY	4.0	Officer	$0	$21,289	$217,689
CAROLANN WILLIAMS	CFO AND VP FINANCE & ADMIN	4.0	Officer	$0	$18,998	$510,992
DEBRA ROGERS	VP OPTHALMOLOGY	10.0	Key Emp	$0	$16,757	$318,091
PATRICIA D'AMORE	DIRECTOR OF RESEARCH	60.0	Key Emp	$0	$44,459	$460,139
LOTFI MERABET	ASSOCIATE SCIENTIST	60.0	Highest	$0	$25,631	$183,382
ELIEZER PELI	SENIOR SCIENTIST	60.0	Highest	$0	$45,134	$293,166
DARLENE DARTT	SENIOR SCIENTIST	60.0	Highest	$0	$34,611	$208,606
JAMES ZIESKE	SENIOR SCIENTIST	60.0	Highest	$0	$28,703	$174,536
NEENA HAIDER	ASSOCIATE SCIENTIST	60.0	Highest	$0	$37,192	$177,556

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2018	$28,772,720	$28,869,943	$81,562,366	$-97,223

Schepens Eye Research Institute Inc